Hewlett Packard Enterprise Company (NYSE:HPE) EVP Henry Gomez sold 55,200 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total transaction of $746,856.00. Following the completion of the transaction, the executive vice president now owns 45,004 shares of the company’s stock, valued at approximately $608,904.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Henry Gomez also recently made the following trade(s):
- On Tuesday, September 26th, Henry Gomez sold 494,360 shares of Hewlett Packard Enterprise stock. The stock was sold at an average price of $14.87, for a total transaction of $7,351,133.20.
Shares of Hewlett Packard Enterprise Company (NYSE:HPE) opened at $13.48 on Tuesday. Hewlett Packard Enterprise Company has a 12 month low of $12.97 and a 12 month high of $24.88. The stock has a market cap of $22,186.66, a price-to-earnings ratio of 8.46, a PEG ratio of 1.76 and a beta of 2.59. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 0.50.
Hewlett Packard Enterprise (NYSE:HPE) last announced its quarterly earnings data on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. analysts forecast that Hewlett Packard Enterprise Company will post 1.38 earnings per share for the current fiscal year.
Hewlett Packard Enterprise announced that its board has approved a share buyback plan on Wednesday, October 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.075 per share. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, December 12th. Hewlett Packard Enterprise’s dividend payout ratio is currently 371.48%.
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A number of large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its holdings in Hewlett Packard Enterprise by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the technology company’s stock valued at $108,000 after buying an additional 200 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the 2nd quarter. Westside Investment Management Inc. now owns 17,432 shares of the technology company’s stock worth $292,000 after purchasing an additional 250 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Hewlett Packard Enterprise by 4.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,713 shares of the technology company’s stock worth $111,000 after purchasing an additional 266 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in Hewlett Packard Enterprise by 1.5% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 23,557 shares of the technology company’s stock worth $391,000 after purchasing an additional 350 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. raised its holdings in Hewlett Packard Enterprise by 1.4% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 24,657 shares of the technology company’s stock worth $409,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 81.96% of the company’s stock.
A number of brokerages have recently issued reports on HPE. Barclays PLC reaffirmed a “sell” rating and issued a $14.00 target price on shares of Hewlett Packard Enterprise in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 target price on shares of Hewlett Packard Enterprise in a report on Wednesday, October 11th. BidaskClub cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Loop Capital initiated coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, August 22nd. They issued a “hold” rating and a $17.00 price target on the stock. Finally, KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hewlett Packard Enterprise currently has an average rating of “Hold” and a consensus price target of $17.79.
Hewlett Packard Enterprise Company Profile
Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).
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